Deeb Petrakis Blum & Murphy's Bankruptcy and Reorganization Practice Group represents creditor clients in complex chapter 11 and chapter 7 cases, as well as out-of-court debt restructurings across the country. The Firm's strong litigation background and sophisticated transactional understanding allows Deeb Petrakis to pursue tactics that are the most likely to result in the best possible outcome for our clients, in the most cost-effective manner. The Firm's Bankruptcy and Reorganization lawyers have represented a variety of national institutional clients involved in a broad cross-section of industries, including telecommunications, airlines, pharmaceuticals, healthcare, information technology, leasing and finance, retail, trucking, and construction. Representation of Creditors The Firm routinely represents all types of secured and unsecured creditors, including asset-based lenders and members of lender groups, equipment lenders and lessors, and trade creditors in all aspects of bankruptcy and out-of-court debt restructurings. To help clients maximize recovery in bankruptcy and restructuring scenarios, Deeb Petrakis brings clients extensive experience in negotiating plans of reorganization, drafting and negotiating debtor-in-possession financing documents and orders, as well as litigating and documenting relief from stay and cash collateral issues. Our bankruptcy and reorganization attorneys routinely negotiate and draft commercial debt restructuring documents and counsel financial institutions on the purchase and sale of distressed debt portfolios. Representation of Trustees and Receivers The Firm's lawyers also have significant experience representing bankruptcy trustees and state court receivers, both as lead counsel and special counsel retained to pursue complex litigation on behalf of the creditors of the estate. A combination of strong litigation skills and sound business judgment allows Deeb Petrakis to maximize recovery for the estate. Bankruptcy Litigation Clients rely on Deeb Petrakis for representation in various types of bankruptcy litigation. The Firm routinely defends clients against preference, fraudulent transfer and other avoidance actions brought by debtors-in-possession, trustees or unsecured creditors' committees. In addition, the Firm's attorneys have successfully sought appointment of special examiners and chapter 11 trustees, pursued non-discharge actions, and defended various lender liability matters. Acquisition of Distressed Entities Sellers, purchasers and investors seek the Firm's guidance regarding the risks and advantages of distressed and insolvent businesses. Deeb Petrakis assists its clients in the due diligence, negotiations and subsequent document preparation involved in such transactions. Counseling on Modern Trends in Bankruptcy The Firm's Bankruptcy and Reorganization lawyers actively counsel clients on the impact of the Bankruptcy Abuse, Prevention, and Consumer Protection Act of 2005 (which generally took effect on October 17, 2005) on the world of bankruptcy and reorganization. Because the new bankruptcy law has imposed more rigorous requirements and limitations on the availability of bankruptcy protection to distressed companies, more companies will seek to restructure their debt either before filing a bankruptcy petition or outside of bankruptcy court. Our advice helps clients overcome the obstacles and take advantage of the opportunities presented in out-of-court workouts and pre-bankruptcy planning, as well as bankruptcy proceedings under the new law. Representative Matters Nationwide Allegheny Hospital Education and Research Foundation (Bankr. W.D. Pa.); Crouse Irving Hospital (Bankr. N.D.N.Y.) — Counsel to members of unsecured creditors' committees Ambassador Eyewear Group, Inc. (Bankr. D. Del.); The Family Company of America, L.C. (Bankr. E.D. Mo.); Exodus Communications, Inc. (Bankr. D. Del.) — defense of trade creditors in avoidance actions C.F. Foods, L.P. (Bankr.E.D. Pa.) — Special litigation counsel to the chapter 7 trustee Friede Goldman Halter, Inc. (Bankr. S.D. Miss.); Classic Motor Lines, Inc. (Bankr. M.D. Pa.) — Counsel to equipment lessors Jetronic Industries, Inc. (Bankr. E.D. Pa.) — Counsel to the chapter 7 trustee; counsel to state receiver in PRSI, Inc. (Fla. Cir. Ct.) Kleinert's, Inc.(Bankr.S.D.N.Y.) — Counsel to purchaser of business at § 363 sale Medical One ACEC, Inc. (Bankr. D.N.J.); Tomahawk Graphics, Inc. (Bankr. E.D.Pa.) — counsel to asset-based lenders Metal Transportation Systems, Inc. (Bankr. N.D.N.Y.); Glen-Lew Leasing (Bankr. M.D. Pa.);Wonder Chemical Corporation (Bankr. E.D. Pa.); PHI Healthcare Management, Inc. (Bankr. C.D. Cal.); Aly-Wear, Inc. (Bankr. E.D. Pa.) — Counsel to various secured lenders NorVergence, Inc. (Bankr. D.N.J.) — Counsel to petitioning creditors in involuntary chapter 11 bankruptcy filing; representation of eleven (11) financial institutions in all aspects of bankruptcy proceeding and adversary mass-action proceedings Sure Fit, Inc. (Bankr. S.D.N.Y.) — Counsel to secured creditor and equipment lessor U.S. Air, Inc. (Bankr. E.D. Va.) — Counsel to trade creditor Venture Lighting International, Inc. (Bankr. N.D. Ill.) — Counsel to member of pre-petition and post-petition asset-based bank group The Firm's Bankruptcy and Reorganization lawyers have published numerous articles and are often featured speakers at industry seminars on bankruptcy and debt restructuring topics. Our attorneys are active members of the Turnaround Management Association, the Risk Management Association, the American Bankruptcy Institute, the Equipment Leasing Association, and the Eastern District of Pennsylvania Bankruptcy Conference. Back to top

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